State of Tennessee Department of Treasury Increases Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

State of Tennessee Department of Treasury raised its holdings in Lamb Weston Holdings, Inc. (NYSE:LW - Free Report) by 15.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 70,519 shares of the specialty retailer's stock after acquiring an additional 9,407 shares during the quarter. State of Tennessee Department of Treasury's holdings in Lamb Weston were worth $4,713,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. West Oak Capital LLC lifted its stake in shares of Lamb Weston by 155.7% during the 4th quarter. West Oak Capital LLC now owns 450 shares of the specialty retailer's stock worth $30,000 after purchasing an additional 274 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Lamb Weston during the 4th quarter worth $35,000. SBI Securities Co. Ltd. purchased a new stake in shares of Lamb Weston during the 4th quarter worth $36,000. Wingate Wealth Advisors Inc. purchased a new stake in shares of Lamb Weston during the 4th quarter worth $47,000. Finally, Advantage Trust Co purchased a new stake in shares of Lamb Weston during the 4th quarter worth $53,000. Institutional investors own 89.56% of the company's stock.

Lamb Weston Price Performance

NYSE:LW traded down $0.07 during trading hours on Monday, reaching $51.87. 1,353,789 shares of the company were exchanged, compared to its average volume of 2,661,570. The stock's 50-day moving average is $53.20 and its 200-day moving average is $63.84. The firm has a market cap of $7.32 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.40 and a beta of 0.48. The company has a current ratio of 1.35, a quick ratio of 0.53 and a debt-to-equity ratio of 2.26. Lamb Weston Holdings, Inc. has a twelve month low of $47.90 and a twelve month high of $89.51.

Lamb Weston (NYSE:LW - Get Free Report) last issued its earnings results on Thursday, April 3rd. The specialty retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.23. The business had revenue of $1.52 billion during the quarter, compared to analysts' expectations of $1.50 billion. Lamb Weston had a net margin of 5.80% and a return on equity of 27.82%. The company's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 earnings per share. On average, sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 3.1 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 2nd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Friday, May 2nd. Lamb Weston's dividend payout ratio (DPR) is 58.04%.

Analyst Ratings Changes

A number of brokerages recently weighed in on LW. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a research note on Wednesday, March 19th. Wells Fargo & Company decreased their price target on Lamb Weston from $72.00 to $66.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Jefferies Financial Group decreased their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, April 11th. StockNews.com upgraded Lamb Weston from a "sell" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus set a $56.00 price target on Lamb Weston and gave the company a "hold" rating in a research note on Thursday. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $70.64.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.